expected to include deep public service cut yakz trying to off set one of the worst deficits in the euro zone. outrage over austerity measures touched off violent protests in several countries fleent days across europe. let's take an early look at the markets as we get all up in your business this morning. karen cho is live in london. good morning. >> good morning. the key question for markets is when spain will request a formal bailout which puts a lot of pressure on today's news conference. we get a close look at the 2013 budget. what revenue and spending is going to look like? you mentioned froests on the streets. this tells you how difficult it at home for the prime minister to push through further austerity. there will be more austerity and more on the table today. the spanish prime minister tries to push the measure that these are homespun, homegrown reforms rather than ones pressured about it euro zone. in terms of what to expect, should be a new tax oversight body. we'll hear news about that today. limitations on early retirement. we're seeing that across the euro zone. retiremen